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IREDA eyes over 21% growth in revenue from operations to Rs 8,200 crore this fiscal

Economic Times

Economic Times · 5m ago

IREDA eyes over 21% growth in revenue from operations to Rs 8,200 crore this fiscal

Indian Renewable Energy Development Agency (IREDA) aims for over 21% growth in revenue from operations this fiscal year, targeting Rs 8,200 crore, compared to the previous year's Rs 6,743.32 crore. This target is set in a performance-based MoU with the Ministry of New and Renewable Energy for FY 2025-26. The agreement outlines strategic targets, including key performance parameters, with IREDA's management optimistic about maintaining its excellent performance track record.

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Tata Capital-backed HRtech startup ZingHR's FY23 revenue jumps 51% to Rs 84.5Cr

IndianStartupNews

IndianStartupNews · 1y ago

Tata Capital-backed HRtech startup ZingHR's FY23 revenue jumps 51% to Rs 84.5Cr

ZingHR, an HRtech startup, has reported a 51% increase in revenue from operations in the fiscal year ending March 2023, reaching Rs 84.48 crore. This growth can be attributed to the surge in subscription-based software sales, which increased by 51.48% during this period. However, despite the revenue growth, ZingHR's losses also rose by 84.4% to approximately Rs 21 crore. The company claims to have a global presence, serving over 1,100 customers and two million active users in eight countries. ZingHR has raised around $13 million in funding to date, with Tata Capital as the largest stakeholder.

Flipkart marketplace arm continues to trim losses in FY25; revenue growth slows to 14% - The Economic Times

Economic Times

Economic Times · 5m ago

Flipkart marketplace arm continues to trim losses in FY25; revenue growth slows to 14% - The Economic Times

Flipkart Internet, the marketplace arm of Flipkart, reported a 14% revenue growth in fiscal 2025 with revenues reaching Rs 20,493 crore. This growth was slower compared to the 21% in fiscal 2024, reflecting a general downturn in e-commerce sentiment. Despite this slowdown, net losses decreased by 37% to Rs 1,494 crore. The company primarily generates revenue through seller commissions and advertising, operating under Walmart's ownership structure in India.

Logistics firm Shadowfax eyes $50 million, doubling value to $700 million

Economic Times

Economic Times · 1y ago

Logistics firm Shadowfax eyes $50 million, doubling value to $700 million

Bengaluru-based logistics startup Shadowfax is in the final stages of raising Rs 350-400 crore (approximately $45-50 million) in funding, which could double its valuation to around Rs 5,500-6,000 crore ($700 million). This round is expected to be the company's last before its IPO. Shadowfax specializes in quick-commerce and same-day ecommerce deliveries, with plans to expand its operations in the quick-commerce sector, dark store operations, and same-day delivery. In the fiscal year 2024, the company generated operating revenue of Rs 1,900 crore, projected to increase to around Rs 2,500 crore in fiscal year 2025.

FIITJEE posts Rs 542 Cr revenue in FY23, slips into losses

Entrackr

Entrackr · 2y ago

FIITJEE posts Rs 542 Cr revenue in FY23, slips into losses

Delhi-based offline IIT-JEE test preparation platform, FIITJEE, witnessed a 21% growth in scale during the fiscal year ending March 2023. However, the growth came at a cost as the company reported a loss of Rs 69 crore as compared to a profit of Rs 37 lakh in FY22. FIITJEE's revenue from operations increased to Rs 542 crore in FY23 from Rs 448 crore in FY22. The company's expenses, especially in advertising and employee benefits, contributed to the overall loss. The test preparation market is experiencing significant competition and potential disruptions.

Indkal eyes three times revenue growth this fiscal to Rs 1,150 crore with wearables foray

Economic Times

Economic Times · 2y ago

Indkal eyes three times revenue growth this fiscal to Rs 1,150 crore with wearables foray

Indkal, an electronics hardware design firm, aims to achieve over three-fold revenue growth this fiscal, reaching Rs 1,150 crore. The company plans to enter the smart wearables segment with its brand Wobble, expecting a revenue of Rs 250-300 crore. Indkal designs consumer electronic goods for companies like Acer and Black & Decker and gets them manufactured from electronic manufacturing services companies. It aims to address the reliability aspect of wearables products in India and offer high-quality and reasonably priced options.

VerSe cuts burn by 51% in FY24, eyes profitability in H2 CY25

Entrackr

Entrackr · 10m ago

VerSe cuts burn by 51% in FY24, eyes profitability in H2 CY25

VerSe Innovation, the parent company of vernacular news aggregator Dailyhunt and social media app Josh, has reported a significant 51% reduction in EBITDA burn during the last fiscal year. The company’s EBITDA burn dropped from Rs 1,448 crore in FY23 to Rs 710 crore in FY24. The losses exclude non-cash expenses. Verse reported total revenue of Rs 1,261 crore in FY24, compared to Rs 1,809 crore in FY23. VerSe brought down its cost of services by 17% to Rs 1,155 crore and slashed business promotion expenses by 65%, from Rs 969 crore in FY23 to Rs 339 crore during the fiscal year ending March 2024. VerSe is projecting revenue growth of over 75% in FY25. The company’s growth plans are supported by its investment in AI-led tools and platforms. VerSe is also targeting break-even in the second half of calendar year 2025. VerSe was valued at $5 billion after raising a $805 million round in April 2022. The firm claims to have over 350 million users every month (MAU). Dailyhunt competes with Inshorts, whereas its short video app Josh competes with ShareChat’s Moj, YouTube Shorts, and Instagram, among others.

The Ayurveda Experience crosses Rs 250 Cr revenue in FY23, eyes profitability

Entrackr

Entrackr · 2y ago

The Ayurveda Experience crosses Rs 250 Cr revenue in FY23, eyes profitability

The Ayurveda Experience (TAE) has experienced significant growth in its revenue and reduced losses in the fiscal year ending March 2023. The D2C skincare and nutrition brand recorded an 84% increase in its scale, with revenue from operations reaching Rs 259 crore. The company primarily sells Ayurveda-inspired skincare and wellness products and claims to have a strong presence in North America and Australia. Despite an increase in expenses, including advertising and promotion, TAE's losses decreased by nearly 30% in FY23. The company aims to achieve profitability in the current fiscal year.

IndiQube records Rs 592 Cr revenue and Rs 21 Cr profit in FY23

Entrackr

Entrackr · 2y ago

IndiQube records Rs 592 Cr revenue and Rs 21 Cr profit in FY23

Flexible workspace provider IndiQube has reported a significant financial performance for the fiscal year ending March 2023. The company witnessed a 69% growth in scale and achieved a positive bottom line. IndiQube's revenue from operations rose to Rs 592 crore in FY23 compared to Rs 351 crore in FY22. Rental income from companies accounted for 80% of total collections, while the remaining income came from services like electricity and maintenance. The company's controlled expenditure allowed it to record a profit of Rs 21 crore in FY23, compared to a loss of Rs 19 crore in FY22.

Indiqube posts Rs 390 Cr revenue in Q3 FY26; losses rise 21%

Entrackr

Entrackr · 49m ago

Indiqube posts Rs 390 Cr revenue in Q3 FY26; losses rise 21%

Indiqube posts Rs 390 Cr revenue in Q3 FY26; losses rise 21% Managed workspace solutions provider Indiqube has posted its financial results for the third quarter of the ongoing fiscal year (FY26). The company’s operating scale grew 45.5% in the period while its losses grew 21% year-on-year, as per Ind AS. Indiqube’s revenue from operations rose to Rs 390 crore in Q3 FY26 from Rs 268 crore in Q3 FY25, according to its financial statement sourced from the National Stock Exchange (NSE). IndiQube also reported Rs 21 crore revenue from non-operating sources which took its total income to Rs 411 crore in Q3 FY26. For the nine months period, the Bengaluru-based company’s revenue grew 38% to Rs 1,049 crore as compared to Rs 762 crore a year earlier. On the expense side, employee benefits increased 34% to Rs 23.5 crore in Q3 FY26. Finance cost accounted for 26% of the expense which increased 30% to Rs 112 crore in Q3 FY26 from Rs 86 crore in Q3 FY25, while depreciation and amortization rose to Rs 144 crore. Overall, Indiqube’s total expenses for the quarter increased 39% to Rs 434 crore from Rs 313 crore in Q3 FY25. At the end, the firm reported a 21% increase in its losses to Rs 17 crore in Q3 FY26 as compared to Rs 14 crore in Q3 FY25. On a quarterly basis, Indiqube’s losses decreased from Rs 30 crore in Q2 FY26. At the end of today’s trading session, Indiqube’s share price stood at Rs 177, giving it a total market capitalization of Rs 3,751 crore (about $414 million). Overall, Indiqube continued to scale its operations in Q3 FY26 with strong revenue growth, though costs rose alongside expansion. Losses widened year-on-year but improved sequentially. The firm remains focused on growth while managing expenses amid rising finance and depreciation costs.

Kapiva touches Rs 115 Cr revenue in FY23; improves economics

Entrackr

Entrackr · 2y ago

Kapiva touches Rs 115 Cr revenue in FY23; improves economics

Ayurvedic nutrition brand Kapiva witnessed significant growth in the fiscal year ending March 2023. The company's revenue from operations jumped 93.74% to Rs 114.5 crore compared to the previous fiscal year. Additionally, Kapiva earned Rs 2 crore from interest on current investments, bringing the total revenue for FY23 to Rs 116.48 crore. The company focused on influencer marketing, with marketing costs comprising 35% of total expenditure, reaching Rs 64 crore. Despite the growth, Kapiva's losses increased by 34.1% to Rs 64.5 crore. The brand aims to achieve an annual revenue of Rs 850 crore by FY26.

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